Published on 2/21/2017 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $4.96 million PLUS linked to S&P 500 index
By Marisa Wong
Morgantown, W.Va., Feb. 21 – Credit Suisse AG, London Branch priced $4.96 million of 0% Performance Leveraged Upside Securities due June 5, 2018 linked to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum payment of $11.32 per PLUS.
Investors will be fully exposed to any index decline.
Credit Suisse Securities (USA) LLC is the agent with Morgan Stanley Wealth Management handling distribution.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Performance Leveraged Upside Securities
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Underlying index: | S&P 500
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Amount: | $4,959,490
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Maturity: | June 5, 2018
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is positive, par plus 300% of index return, subject to payment of $11.32 per PLUS; full exposure to losses
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Initial level: | 2,349.25
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Pricing date: | Feb. 15
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Settlement date: | Feb. 21
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Agent: | Credit Suisse Securities (USA) LLC with Morgan Stanley Wealth Management handling distribution
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Fees: | 2.25%
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Cusip: | 22549A307
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